Home / Metal News / Aluminium / [brief comment on SMM Aluminum] Shanghai Aluminum opened in the cross star opening trend is not strong, weak shock in the day.
[brief comment on SMM Aluminum] Shanghai Aluminum opened in the cross star opening trend is not strong, weak shock in the day.
Jun 18,2019 15:49CST
translation
Source:SMM
Shanghai aluminum opened in the cross star opening trend is not strong, weak shock in the day
The content below was translated by Tencent automatically for reference.

SMM, June 18 / PRNewswire-Asianet /-

The 1908 contract of Shanghai Aluminum main Company opened at an intraday high of 13820 yuan / ton in the morning, but immediately ran into a short position increase and recorded a cross star, and then fell below the daily average and maintained a wide concussion of 13800 yuan / ton. During the period, it briefly fell 13780 yuan / ton, and some short positions in the last session pushed up the aluminum price back to 13810 yuan / ton position, finally closing at 13810 yuan / ton, down 15 yuan / ton, down 0.11%, and the trading volume decreased 29270 hands to 102000 hands. Position increased by 7190 hands to 255000 hands, closed at the Xiaoyang line, the center of gravity continued to sink from yesterday, far from the upper 5-day moving average. The macro news within the day is light, the inner plate metal red and green, Shanghai aluminum in the fundamental short situation has not changed the background is difficult to break away from the short suppression, is expected to continue to maintain a weak concussion in the evening, continue to pay attention to long short position changes and market trading atmosphere.

(SMM Shanghai Nonferrous Xuman 021 5159 5898)

Evening news

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn